Theresa Bamboukian Started Her Sales Process Audit and Was Accounting

question 41

Multiple Choice

Theresa Bamboukian started her sales process audit and was accounting for the numerical sequence of sales invoices, sales orders and shipping documents. In addition she performed a reconciliation of billings with shipping documents. Which assertions was she fulfilling?

• A) existence, accuracy
• B) completeness, cutoff
• C) existence, valuation and allocation
• D) none of the above

---

Definitions:

Splinter

A small, thin, sharp piece of wood, glass, metal, or other material broken off from a larger piece, often causing injury when penetrating the skin.

Puncture Wound

A deep wound caused by a pointed object piercing the skin.

Third Degree

Destruction of all layers of the skin, with possible involvement of the subcutaneous fat, muscle, and bone.

Deep Third Degree

A severe burn classification indicating damage that extends through all skin layers and possibly into underlying tissues.